Aid and the Political Economy of Policy Change by Tony Killick

By Tony Killick

This quantity appears on the effectiveness of conditionality in structural adjustment programmes. Tony Killick charts the emergence of conditionality, and demanding situations the commonly held assumption that it's a co-operative method, arguing that during truth it has a tendency to be coercive and hazardous to improvement ambitions. via exact case reviews of twenty one recipient nations, he explores the most important matters of:* possession* position of corporations* executive ambitions and the consequences of policy.The end is that conditionality has been counterproductive to cost balance, monetary development and funding.

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Sample text

On the other hand, the extent of implementation, determining IFI influence over key policy instruments, itself provides evidence on the potency of this way of trying to improve policy environments. After all, it is through policy improvements that adjustment programmes attempt to achieve their objectives. The next step, therefore, is to examine the evidence on programme implementation and on the extent to which the lending institutions are able to exercise leverage over the policy variables they need to change if their programmes are to induce the economic outcomes desired of them.

7 In the case of the Fund, there was little evidence that results varied systematically according to country income level. Overview No extreme conclusions emerge from this survey. It would be as inconsistent with the evidence to assert that adjustment programmes have proved wholly ineffective as it would be to claim that this is a success story. The IFIs have only limited revealed power to secure programme objectives. By the same token, they have limited power to do the harm their critics allege.

Both Fund and Bank programmes appear to have been instrumental in strengthening export and BoP performance; they seem largely powerless to make much difference to inflation; they do not typically accelerate growth much, nor do they usually force EFFECTS OF CONDITIONALITY 27 economies into recession; however, the programmes of both agencies are clearly and consistently associated with reduced investment levels, which, if sustained, must exert a drag on economic progress in the longer term. What does this mixture of success and failure tell us about the effectiveness of IFI policy conditionality?

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